logo

Bitcoin Dominance Hits 64.73%, Highest Since January 2021, Nearly Two-Thirds of Crypto Market

By: defi news|2025/05/02 20:30:01
0
Share
copy
Bitcoin's market dominance has reached 64.73%, marking a new four-year high and the highest level since January 2021. This surge means Bitcoin now controls nearly two-thirds of the cryptocurrency market, reflecting a growing investor preference for Bitcoin over alternative cryptocurrencies amid the current macroeconomic environment. The increase in dominance suggests a potential delay in the anticipated altseason, a period when alternative cryptocurrencies typically gain value relative to Bitcoin. Market observers note that this cycle-high dominance could precede a significant altseason similar to that of 2021 once funds start flowing from Bitcoin to Ethereum and other altcoins.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

You may also like

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

08:42

Both the Japanese and South Korean stock markets have reached new highs, with the South Korean KOSPI index rising over 1%

According to Gate market data, both the Japanese and South Korean stock markets have reached new highs, with the Nikkei 225 index currently up 0.47% and the South Korean KOSPI index up over 1%.
08:42

Babylon Foundation: Will deposit 3 million USDT into Aave to show support for DeFi

The Babylon Foundation stated on platform X that it will deposit 3 million USDT into Aave, with 2 million allocated to V3 and 1 million allocated to V4, to show support and confidence in Aave and DeFi.Any interest generated from this deposit will be returned to the Aave ecosystem through the Aave x ...
08:42

Data: A certain whale deposited 5,532 ETH into HyperLiquid in the past 24 hours for selling and closed part of the ETH short position

According to Onchain Lens monitoring, in the past 24 hours, the whale "0xed4" deposited 5,532 ETH (13 million USD) into HyperLiquid for selling.The whale also closed its 20x ETH short position on HyperLiquid and still holds a 20x ETH short position on Lighter.
08:42

The advancement of the cryptocurrency market structure bill is hindered, and May 25 may be the "deadline" for progress

The crypto market structure bill has seen almost no public progress in the past month. While it is quite difficult to predict the outcome of the bill, the window for passing it is narrowing. Many actions surrounding the market structure issue—such as statements from staff at the Securities and Excha...
08:42

Data: If BTC falls below $74,533, the cumulative long liquidation intensity on major CEX will reach $1.524 billion

According to Coinglass data, if BTC falls below $74,533, the cumulative long liquidation intensity on mainstream CEX will reach $1.524 billion. Conversely, if BTC breaks above $82,013, the cumulative short liquidation intensity on mainstream CEX will reach $1.189 billion.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com